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Recent stories from sustg
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Report: For Now, OPEC+ Resists Calls by U.S. for Increased Oil Production
- August 17,2021
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- SUSTG Team
The so-called OPEC+ group of oil producing nations, including Russia, “believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise,” a report in Reuters said.
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‘All Around the Region, Iran Continues to be Emboldened,’ Saudi Arabia’s Foreign Minister Says at Virtual Forum
- August 4,2021
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- SUSTG Team
Saudi Arabia’s foreign minister Prince Faisal bin Farhan al Saud said on Tuesday he sees an emboldened Iran acting with increased malign intent in the region in an appearance at a virtual gathering of the Aspen Security Forum. “All around the region, Iran continues to be emboldened,” Prince Faisal bin Farhan said. “Iran is extremely active in […]
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Finance, Insurance Sectors in Saudi Arabia Latest to Move Toward 100% Saudization
- July 28,2021
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- SUSTG Team
The finance and insurance sectors in Saudi Arabia will move toward implementing total Saudization with the hiring of Saudi nationals in as many as 91,000 jobs that are currently occupied by non-Saudis, according to a report from the local Okaz/Saudi Gazette.
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Saudi Arabia’s Stock Market Has Best First Half in 16 Years – Report
- July 1,2021
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- SUSTG Team
Saudi stocks wrapped up the best first half in 16 years, after rallying 26% in 2021 so far, Bloomberg reports. According to Bloomberg, the jump so far in 2021 comes on the back of increasingly higher oil prices and government projects, including a program which aims to release $1.3 trillion of private sector investment.
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Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months
- June 29,2021
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- SUSTG Team
Saudi Arabia’s net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.
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Saudi Arabia Plans to Auction Two Major Mining Licenses in 2022 as Kingdom Seeks to Boost Foreign Investments
- June 18,2021
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- SUSTG Team
Saudi Arabia will begin auctioning off two licenses to mine in then mineral-rich Kingdom starting next year, the vice-minister for mining affairs, Khalid al-Mudaifer, told S&P Global Platts on June 16 in an exclusive interview. The mining sector in Saudi Arabia has $1.3 trillion in untapped potential reserve value, according to the minister.
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Saudi Arabia Updates Travel Ban List, Removes 11 Countries
- June 9,2021
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- SUSTG Team
Saudi Arabia has reduced the number of countries where its nationals and citizens are banned from traveling from 20 to just 9 as it continues to open up its airways following the global pandemic.
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U.S. Defense Secretary Austin, Crown Prince Mohammed bin Salman Speak by Phone; U.S. ’emphasized U.S. Commitment to Helping Saudi Arabia Defend its Territory’
- June 3,2021
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- SUSTG Team
U.S. Defense Secretary Lloyd J. Austin III spoke with Saudi Crown Prince Mohammed bin Salman on Wednesday and emphasized that the U.S. was committed to helping Saudi Arabia defend its territory and people, the Pentagon said in a statement.
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OPEC+ Believes Glut Created with Pandemic ‘Nearly Gone’, Sees Stockpiles Diminishing Rapidly in 2021 – Report
- June 1,2021
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- SUSTG Team
The so-called OPEC+ coalition of oil-producing nations lead by Saudi Arabia and Russia is “expecting world oil markets to get acutely tight” in 2021, a year after taking the unprecedented steps of slashing production in the face of weak demand created by the Coronavirus pandemic, Bloomberg reports.
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Entertainment Activities to Resume in Saudi Arabia after Coronavirus Shutdowns, Authorities Announce
- May 28,2021
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- SUSTG Team
Saudi Arabia has announced that entertainment activities and events across the Kingdom may resume after months of shutdowns and cancellations in order to curb the spread of the Coronavirus pandemic, according to Gulf News.
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MUST-READS
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Qatar Media HackSaudi Arabia and UAE block Qatari media over incendiary statements
Qatar claims official websites were hacked after reports appeared in which emir made controversial remarks about Iran and Israel
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News in Saudi ArabiaWebsites of Al Jazeera, Qatari newspapers blocked in Saudi Arabia and UAE
The websites of Al Jazeera News Channel and Qatari news sites have been blocked in Saudi Arabia and the UAE on Wednesday.
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Women Entrepreneurs FundSaudis, UAE pledge $100 million to Ivanka Trump-proposed fund
The fund, which will be run by World Bank, not Ivanka Trump, aims to provide to female entrepreneurs with financial support in the form of capital and access to networking and financial markets, something Trump says she anticipates will be important to the future growth of women.
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UAE Missile SaleUS approves $2bn missile sale to UAE
The US State Department has approved the possible sale of 160 missiles to the United Arab Emirates for an estimated $2bn, the Pentagon said on Thursday.
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LibyaLibya Civil War: U.S.-Made Airplanes Deployed by UAE
The planes offer fresh evidence of a clandestine proxy war in Libya, in which Egypt, the U.A.E., and Russia are siding with Haftar in a military campaign against forces allied with the U.N.-brokered government. Officials in Haftar’s camp accuse Turkey and Qatar of arming Islamist-leaning militias.
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Weather in Saudi ArabiaWeather warnings issued in Saudi Arabia and the UAE this week
Weather warnings have been issued in Saudi Arabia and the UAE this week amid strong winds and rough waves.
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War in YemenShaping the South: The UAE in Yemen
As the contours of the United Arab Emirates’ ambitious agenda in southern Yemen continue to become more evident, so do the differences between the UAE and the government of Yemen’s exiled President Abd-Rabbu Mansour Hadi.
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War in YemenUAE builds up Yemen regional army but country fragments
Since a Yemeni force trained and funded by the United Arab Emirates recaptured the southern port of Mukalla from al Qaeda fighters a year ago, the Gulf state's efforts to consolidate progress risks being compromised by traditional rivalries.
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UAEThe UAE’s Defense Horizons
The UAE’s focus on its defense industry indicates its aims to become a more credible military actor by enhancing use of equipment and exporting arms globally.
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Arab Youth SurveySurvey: Young Arabs see UAE as role model; Middle East youth divided by access to opportunity
Unveiled on Wednesday in Dubai by Asda’a Burson-Marsteller, the ninth annual Arab Youth Survey trends from face-to-face interviews of 3,500 youth in 16 countries suggest a widening chasm between young people’s hopes living in wealthy Gulf states compared to their neighbours in Yemen and Levant states.
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